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Session Laws, 1927
Volume 569, Page 726   View pdf image (33K)
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726 LAWS OF MARYLAND. [CH. 400

CHAPTER 400.

AN ACT to repeal and re-enact, with amendments, Sections
60 and 61 of Article 48-A, title "Insurance, " sub-title
"Agents and Brokers, "

SECTION 1. Be it enacted by the General Assembly of
Maryland, That Sections 60 and 61 of Article 48-A, title "In-
surance, " sub-title "Agents and Brokers, " be, and the same are
hereby repealed and re-enacted, with amendments, so as to read
as follows:

60. Agents' Licenses. It shall be unlawful for any person
to act as Agent or Solicitor in this State of any insurance com-
pany which has not complied with all the provisions of this
Article applicable to it and without having first secured a
license therefor. Every such license or permit shall have speci-
fied upon its face the name of the company for which said
Agent or Solicitor is authorized and limited to act and all such
licenses or permits shall expire midnight on the 30th day of
June following the date of issue.

61. Application for Agent's and Solicitor's Licenses. Be-
fore any license or permit shall be issued to any insurance
agent or solicitor for any insurance company in this State, the
company desiring to appoint said agent or solicitor shall make
application to the Commissioner for a license or permit on
forms to be prescribed and prepared by the Insurance Com-
missioner and said company shall pay the license or registra-
tion fees prescribed by this Article. Before any license or per-
mit is issued to such agent or solicitor, the Commissioner may
refuse to issue any such license if convinced that the applicant
therefor has wilfully misrepresented any policy of insurance,
or has dealt unjustly with or wilfully deceived any citizen of
this State in regard to any insurance policy, or that his license
or authority to act for any Insurance Company has been re-
fused or revoked in this or any other state for violation of
law; or has misrepresented the terms or conditions of any in-
surance policy or contract or has misappropriated or withheld
from any Insurance Company, general agent, agent or broker
any money or property received or collected by him for any
company, general agent, agent or broker under any former or
existing employment as agent, broker or solicitor, or has wil-
fully violated any of the insurance laws of this state or any
ruling of the Commissioner which he is by law authorized to

 

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Session Laws, 1927
Volume 569, Page 726   View pdf image (33K)
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